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CS Professional · Arbitration, Mediation and Conciliation · Emerging Aspects: Fast Track and Virtual Arbitration

In a fast track arbitration between Iyer Pharma Ltd and Desai Packaging LLP, the sole arbitrator asks about his fees. Who determines the arbitrator's fees and manner of payment?

The fees and manner of payment are whatever the arbitrator and the parties agree. The fast track provision leaves this to agreement and does not set a scale or assign the decision to a court or the Central Government.

  1. AA fixed scale prescribed in the fast track provision
  2. BSuch as may be agreed between the arbitrator and the partiesCorrect
  3. CThe principal civil court of the district
  4. DThe Central Government by notification in each case

Explanation

The fast track provision states that the fees payable to the arbitrator and the manner of payment shall be such as may be agreed between the arbitrator and the parties. It prescribes no fixed scale and gives no role to the court.

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